TITLE

Hedge funds attack 'irresponsible' Co-operative Bank

AUTHOR(S)
Jackson, Gary
PUB. DATE
September 2013
SOURCE
Fundweb;9/3/2013, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the criticism received by the Co-operative Bank PLC from a group of U.S. hedge funds led by investment bank Moelis & Co. in 2013. According to Moelis managing director Caroline Silver, the bank failed to engage with bondholders ahead of its debt restructuring operation in the said year. It notes that the bank argued that its plan is for the long-term interests of stakeholders in the company and the group.
ACCESSION #
90170251

 

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